Multifamily Property on Commercial
For Sale
$3,175,729
610-620 Breckenridge Ln, Louisville, KY 40207
Located near retail, dining, healthcare, residential areas, and major Louisville-area connections.
Property Size24,168 SF
Days on Market59
Property Features for 610-620 Breckenridge Ln
General Information
Standard status
Active
Size
24,168 SF
Class
C
Property subtype
Multi-Family
Site & Location
Neighborhood
Bowman
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
24,168 SF
Year Built
1969
Units
24
Listing Agency:
Hoagland Commercial Realtors
Listed By:
Chapman Silander · License #252813
(704) 840-5460
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 28 at 5:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoagland Commercial Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises 610–620 Breckenridge Lane in Louisville, Kentucky. Constructed in 1969, the asset occupies a position along a commercial corridor with access to surrounding retail, dining, healthcare, and residential areas.
The property connects with I-264 and Shelbyville Road, providing access to St. Matthews, Hikes Point, and the broader Louisville market. Its address places the multifamily asset within an established area supported by varied nearby services and neighborhoods.
The property connects with I-264 and Shelbyville Road, providing access to St. Matthews, Hikes Point, and the broader Louisville market. Its address places the multifamily asset within an established area supported by varied nearby services and neighborhoods.
Key Highlights
- 610–620 Breckenridge Ln, Louisville, KY 40207
- Multifamily property built in 1969
- Positioned along a well‑traveled commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,476
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,520
$3.3M
Cap Rate 7%
$2,349,657
$2.3M
Cap Rate 9%
$1,827,511
$1.8M
Market Conditions
NOI Build-Up for 24,168 SF
Gross rent
$316.1K $13.08/SF
− Vacancy
−$17.1K −$0.71/SF
EGI
$299.0K $12.37/SF
− OpEx
−$134.6K −$5.57/SF
NOI
$164.5K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,520
Cap Rate 7%
$2,349,657
Cap Rate 9%
$1,827,511
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,476 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.26M
$5.48M – $7.31M
NOI $438,504 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Explore this area
Business Placement
Demographics for 40207, KY
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,573
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Located near retail, dining, healthcare, residential areas, and major Louisville-area connections.
Where is this multifamily property located?
The property is located at 610-620 Breckenridge Ln Louisville, KY.
What is the asking price?
The asking price for this property is $3,175,729.
What are key features of this property?
This property features: 610–620 Breckenridge Ln, Louisville, KY 40207; Multifamily property built in 1969; Positioned along a well‑traveled commercial corridor
